However, Sears has been a major news headline all day in every media channel, with the 4pm deadline front and center, and corporate has done nothing to reassure the rank and file.
I think people should read between the lines of what's not been communicated.
@gjc lol. That's the amazing thing about the sinking of the S.S. Lampert. Between all hands abandoning ship, the crying, the panic, the shills, the rumors, and the self proclaimed financial experts, there's space for these interludes for some lawyer d--k waving.
@utj Sears has been soliciting bids for the better part of a month, and doesn't have to share qualified bidder details until the day before the auction. Really, if you don't understand bankruptcy procedure, why opine at all.
https://www.cnbc.com/2018/12/28/sears-chairman-eddie-lampert-submits-bit-for-company.html
He has to file the bid with the SEC, there is no bid on the browse edgar and that's public
I keep checking the dockets and nothing about a bid. I'm guessing Eddie didn't bid that's why there is no report
Not until the bid's been qualified. We're not there yet.
Yes, the bid must be made public. It is black letter bankruptcy law. It will be published on the docket if there is one, silence if there is not.